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New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Share Price Passes Below Fifty Day Moving Average - Here's Why

New England Realty Associates Limited Partnership logo with Real Estate background

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $74.74 and traded as low as $73.25. New England Realty Associates Limited Partnership shares last traded at $73.50, with a volume of 376 shares trading hands.

New England Realty Associates Limited Partnership Trading Down 0.3%

The firm's 50-day moving average is $74.53 and its 200-day moving average is $78.73.

New England Realty Associates Limited Partnership Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, May 23rd.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

Several institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in New England Realty Associates Limited Partnership by 14.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,790 shares of the company's stock worth $382,000 after purchasing an additional 610 shares during the period. Warberg Asset Management LLC increased its stake in shares of New England Realty Associates Limited Partnership by 14.9% during the fourth quarter. Warberg Asset Management LLC now owns 11,379 shares of the company's stock worth $930,000 after buying an additional 1,479 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of New England Realty Associates Limited Partnership during the fourth quarter worth approximately $239,000.

New England Realty Associates Limited Partnership Company Profile

(Get Free Report)

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire.

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